Tuesday , February 7 2023
Home / Mike Norman Economics / Renegade Inc | Covid-19: Making markets scream!

Renegade Inc | Covid-19: Making markets scream!

Summary:
A pretty scary episode of Renegade.inc.Because of globalisation the world is very  interconnect, but most businesses have taken their supply chains for granted, say Mitch Feierstein and Alan Day. They say that coronavirus is likely to cause serious shortages of food, medicines, and even water, and lots of people may die as a result. The only hope, they say, is a vaccine, and fortunately, there are some in the pipeline, although they don't mention this.The financier, Mitch Feierstein, and the entrepreneur, Alan Day, seem to be at the opposite end of the economics spectrum to MMT, which Feierstein describes as madness. So maybe they are wrong and governments will be able to do a lot more, especially if they adopt MMT.The coronavirus has shut down factories and air travel globally. It’s

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Reuters — Saudi minister warns sanctions, underinvestment may cause energy shortages

Mike Norman writes Forecasting a recession with construction data — Philip Pilkington

Mike Norman writes The Economics of the Ukraine Proxy War with Michael Hudson and Radhika Desai — Danny Haiphong interviews Michael Hudson and Radhika Desai

Lars Pålsson Syll writes Nationalekonomins verktyg

A pretty scary episode of Renegade.inc.

Because of globalisation the world is very  interconnect, but most businesses have taken their supply chains for granted, say Mitch Feierstein and Alan Day. They say that coronavirus is likely to cause serious shortages of food, medicines, and even water, and lots of people may die as a result. The only hope, they say, is a vaccine, and fortunately, there are some in the pipeline, although they don't mention this.

The financier, Mitch Feierstein, and the entrepreneur, Alan Day, seem to be at the opposite end of the economics spectrum to MMT, which Feierstein describes as madness. So maybe they are wrong and governments will be able to do a lot more, especially if they adopt MMT.

The coronavirus has shut down factories and air travel globally. It’s shown us how brittle the world’s supply chains really are. 

But is it also being used to camouflage a decade of Central Banker’s monetary policy mistakes?

Host Ross Ashcroft is joined by the entrepreneur and CEO of State of Flux, Alan Day and author of Planet Ponzi, Mitch Feierstein to discuss how the coronavirus will affect the world’s supply chains.

RT UK is a channel based in London covering British news and politics, protests and interviews with people who make a difference.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *